Short Interest in Pampa Energía S.A. (NYSE:PAM) Declines By 23.8%

Pampa Energía S.A. (NYSE:PAM) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 205,400 shares, a decrease of 23.8% from the January 31st total of 269,400 shares. Based on an average daily volume of 278,600 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PAM. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $71.63.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Voloridge Investment Management LLC boosted its stake in Pampa Energía by 21.8% during the 4th quarter. Voloridge Investment Management LLC now owns 53,189 shares of the utilities provider’s stock valued at $4,677,000 after purchasing an additional 9,514 shares during the period. Two Sigma Advisers LP boosted its stake in Pampa Energía by 122.9% during the 4th quarter. Two Sigma Advisers LP now owns 10,700 shares of the utilities provider’s stock valued at $941,000 after purchasing an additional 5,900 shares during the period. Two Sigma Investments LP boosted its stake in Pampa Energía by 0.6% during the 4th quarter. Two Sigma Investments LP now owns 80,034 shares of the utilities provider’s stock valued at $7,038,000 after purchasing an additional 473 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Pampa Energía by 58.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 508,375 shares of the utilities provider’s stock valued at $44,706,000 after purchasing an additional 188,114 shares during the period. Finally, Brevan Howard Capital Management LP boosted its stake in Pampa Energía by 27.0% during the 4th quarter. Brevan Howard Capital Management LP now owns 258,348 shares of the utilities provider’s stock valued at $22,786,000 after purchasing an additional 54,923 shares during the period. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energía Stock Performance

Shares of NYSE PAM opened at $76.29 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 11.74 and a beta of 0.92. The business’s 50-day simple moving average is $85.61 and its 200-day simple moving average is $74.34. Pampa Energía has a 52 week low of $38.15 and a 52 week high of $97.55.

Pampa Energía Company Profile

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.